This Car Rental Company Has A Better Three-Month Return Than Bitcoin, Dogecoin And Ethereum Classic

This Car Rental Company Has A Better Three-Month Return Than Bitcoin, Dogecoin And Ethereum Classic

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Since 1946, Avis Budget Group Inc. (CAR) has been one of the world’s go-to car rental services, and in the past three months, it has also been a major winner for bullish traders and investors.

Since July 2021, Avis stock’s three-month return has outperformed a number of the world’s most popular electric vehicle and clean energy stocks: Bitcoin (BITCOMP), Dogecoin (DOGE-X), and Ethereum Classic (ETC-X).

Avis is a provider of automotive vehicle rental and car-sharing services whose brands include Avis, Budget, and Zipcar.

Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations, and licenses its brands to franchisees. 

Meanwhile, Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. Avis’ largest region by revenue is the Americas.

Here's how the returns break down from July 2021 to the present: 

  • Bitcoin is up from $31,526.11 to around $60,982.67 for a return of approximately 93.43%.
  • Dogecoin is up from $0.187589 to around $0.236214 for a return of approximately 25.92%.
  • Ethereum Classic is up from $41.45 to around $53.36 for a return of approximately 28.73%.
  • And finally, Avis is up from $72.62 to around $150.97 for a return of approximately 109.51%.

Disclosure: © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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